Infosys, HCL Tech, other IT stocks tumble up to 3%. What’s spooking investors?
Indian IT stocks, led by Infosys, HCLTech and LTIMindtree, fell up to 3% as hotter-than-expected US inflation fuelled concerns over prolonged higher interest rates. The selloff was compounded by lingering worries about AI-driven disruption and its potential impact on future technology spending and demand from key US clients.
Explained: How SpaceX’s $75 billion IPO could create opportunity for Inox India shareholders
As Elon Musk’s SpaceX heads for a blockbuster IPO, investors are turning their attention to INOX India, a cryogenic technology specialist with growing exposure to the global aerospace industry. The company’s recent US aerospace order and strong financial performance have fuelled optimism, sending its shares sharply higher
MTAR Tech shares crash 9% after 280% rally in a year. What’s spooking investors today?
MTAR Technologies shares fell sharply after its key client, Bloom Energy, saw its stock tumble in the US market following the suspension of a major data centre project. The facility was expected to be powered by 900 MW of Bloom Energy fuel cells alongside grid electricity. The selloff in MTAR comes despite the stock rallying […]
Zee Entertainment shares rise over 3% ahead of FIFA World Cup, Rs 2,300-crore fundraising plans
Zee Entertainment Enterprises’ shares rose after its board approved raising at least Rs 2,300 crore to fund strategic initiatives and bolster its balance sheet. The media company also secured exclusive rights for FIFA events until 2034, including the 2026 and 2030 World Cups, amidst a challenging March quarter financial performance.
SpaceX IPO: Know date, price, valuation, how to buy and other important details
SpaceX is preparing for a massive IPO. The rocket and satellite company plans to raise $75 billion at a $1.75 trillion valuation. Shares are expected to begin trading on Nasdaq on June 12. Investor demand is reportedly very high. Indian investors may need to use international platforms to buy shares after listing.
Adani Power or NTPC? Macquarie initiates coverage on 3 power stocks, hikes target prices for 3 others
As rising temperatures drive electricity demand across India, Macquarie sees the power sector entering a broad regulatory and operational reset. The brokerage initiated coverage on JSW Energy with an ‘Outperform’ rating and a Rs 720 target, while assigning ‘Neutral’ ratings to Adani Power and Adani Energy Solutions. NTPC emerged as its top sector pick, with […]
Dwarikesh Sugar, Dhampur Sugar and other sugar stocks gain up to 4% after excise duty cut on ethanol-blended petrol
Sugar stocks rose sharply on Thursday after the Finance Ministry exempted several ethanol-blended petrol variants from excise duty, strengthening the outlook for India’s ethanol blending programme. Investors cheered the move as it is expected to boost ethanol demand, improve earnings visibility for sugar companies, and support long-term sector growth.
Lenskart Solutions sees Rs 1,862-crore block deal; ADIA likely seller
Eyewear retailer Lenskart Solutions experienced a significant block deal valued at Rs 1,862 crore. Abu Dhabi Investment Authority, through its investment vehicle, sold a portion of its shares. This follows a similar stake sale by SoftBank. Despite early investors reducing holdings, Lenskart’s revenue surged in the January-March quarter. The company also reported strong full-year financial […]
Dividend rush! Buy these 5 Adani stocks, 4 Tata Group stocks today to lap up payout rewards
More than 30 companies, including five Adani Group firms and four Tata Group companies, have fixed June 12 as the record date for dividend payouts totaling nearly ₹300 per share. Investors looking to qualify for these dividends must buy the shares by June 11.
Bonus bonanza! Last date to buy City Union Bank shares for 1:3 reward
City Union Bank Bonus Issue: June 11 is the last day for investors to buy shares of City Union Bank to qualify for its 1:3 bonus issue, as the record date has been fixed for June 12. Under SEBI’s T+1 settlement cycle, shares purchased today will be credited to investors’ demat accounts by the record […]